# PPP loan: AUTOMATIC EQUIP SALES & SERVICES, INC.
> **$312K** approved 04/16/2020 · Paid in Full · Loan `2401287204`
## Borrower
- **Name:** AUTOMATIC EQUIP SALES & SERVICES, INC.
- **Address:** 1747 NORTHRIDGE DR NW, GRAND RAPIDS, MI, 49544-9130
- **NAICS:** 423420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $315K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Jobs reported:** 18
## Lender
- **Originating:** ChoiceOne Bank
- **Servicing:** ChoiceOne Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*